How People Waste More Then They Save

by Bill on December 19, 2011

This is a post about the appearance of being frugal when in reality you are wasting more resources than you save. When you attempt to save money by spending foolishly you are more along the line of miserly than frugal. Tightwads waste more then they save.

I know a man who has three vehicles; two of which don’t run well enough to drive. He purchases older vehicles when he can afford newer models and then spends hundreds of dollars each month in auto repairs.His belief is that older models can be just as good as a new car or van. He repairs his own cars when he can; but most times only one is in working order.

His wife buys generic brand dollar store items for the pets and themselves, which is not the problem. She uses so much of the items she buys that half of it becomes garbage from non-use. Leftovers are a prime example. Once a month the refrigerator is cleaned out of leftovers never used and often are spoiled. These guys purchase low cost items to save money saying they are frugal; yet they waste as much food as they consume because they refuse to eat the leftovers or cut down on the amount prepared.

People waste more money than they save very quickly when not looking close enough at the finances.

I know a family who insists buying paper plates and plastic utensils is cheaper than actually doing dishes. The reasoning is that they are saving money on water, dish soap and time. Now here’s the breakdown – the paper plates and utensils are around $2 per pack around here. That is around 100 pieces per pack either way. They use them daily for every meal and they go through near a pack each week.That’s roughly $5 per week. A 32 ounce bottle of Dawn dish soap is around $4 here.

Two or more paper plates per meal per person are needed because they microwave a lot. Even if they make sandwiches they use two or more plates each time; and then toss out all the plates, not just the one on top.

Now what would be the difference if you purchased two sets of three plastic plates from the dollar store, and a set of silver wear, and dish soap. The set of three plates around here is $2 each; the utensils are $2 for a pack of 12; and the dish soap is $3. Yes, that’s a $7 initial outlay. But that cost diminishes each time you wash dishes, rinse off a plate or allow time to pass without buying replacements for any of it.

Concerning paying yourself for the time spent doing dishes – you’re not paying anyone else either.

Anyone got any stories they want to add?

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heidimoorez December 21, 2011 at 7:16 pm

This article is perfect for me… I have to admit that I really have problems in spending. I just sped and spend without thinking that what I am spending is over compared to my income. Thanks for making me realize.
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Bill December 29, 2011 at 3:33 pm

Not sure if this is a problem with realizing the wasted resource compared to saving or another problem with shopping and spending to cover another problem.

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